2026 Program Updates

Solar Rebates in Prince Edward Island

Every solar incentive and program currently available to Prince Edward Island homeowners — federal, provincial, municipal, and utility-run. Amounts, eligibility, and how to apply. Updated for 2026.

Programs Available

Typical System

8.5 kW

Installed Cost

$24,098

Payback

17.7 yrs

Federal Programs

Available to every Canadian regardless of province. Start here — the Greener Homes Loan is the largest single funding source most homeowners qualify for.

Federal

Canada Greener Homes Loan

Amount

$5,000–$40,000 interest-free

The Canada Greener Homes Loan offers Canadian homeowners an interest-free loan of $5,000 to $40,000 to fund eligible retrofits, including solar photovoltaic systems. The loan runs for a 10-year term with monthly repayment. It's the largest federal instrument still open to residential solar in 2026 after the Greener Homes Grant closed to new applicants in 2024.

Who Qualifies

check_circleCanadian homeowner (principal residence)
check_circleComplete a pre-retrofit EnerGuide evaluation with a registered energy advisor before installation
check_circleUse a qualified installer for the work
check_circleComplete a post-retrofit EnerGuide evaluation within 18 months

How to Apply

Book a pre-retrofit EnerGuide evaluation on nrcan.gc.ca
Get 2–3 installer quotes and confirm the system is on the eligible measures list
Apply for the loan through the Greener Homes portal (approvals typically 4–8 weeks)
Install, then book the post-retrofit EnerGuide evaluation
Submit final invoices and reports to receive full funding

Official program pagenorth_east

Federal

Federal Clean Technology Investment Tax Credit (ITC)

Amount

30% refundable tax credit

The federal Clean Technology ITC provides a 30% refundable tax credit on eligible clean-energy equipment, including solar PV, batteries, and geothermal. This is a business-only credit — sole proprietors, partnerships, and incorporated businesses qualify, but homeowners installing on their principal residence do not. If your solar project is a farm, home office setup used exclusively for business, or a commercial rental property, the ITC is highly worth exploring with your accountant.

Who Qualifies

check_circleTaxable Canadian corporation, mutual fund trust, or partnership
check_circleEquipment must be new and installed in Canada
check_circleAvailable on installs commissioned before 2035 (phases down after 2033)

How to Apply

Confirm equipment eligibility with your installer (most Tier 1 panels + Class 43.2 inverters qualify)
File Schedule T2 Form T2SCH31 with your corporate tax return
Retain installer invoices and commissioning report

Official program pagenorth_east

Prince Edward Island Provincial Programs

Direct rebates and grants funded by the Prince Edward Island government.

Provincial

PEI Solar Electric Rebate Program

Amount

$1.00/W up to $10,000

The PEI Solar Electric Rebate Program pays $1.00 per watt installed, capped at $10,000 (reached at a 10 kW system). Combined with high Maritime Electric rates and short payback periods, PEI is arguably the most rewarding province in Canada for residential solar right now.

Who Qualifies

check_circleProperty located on PEI
check_circleSystem installed by an efficiencyPEI-registered installer
check_circlePre-approval required

How to Apply

Apply on princeedwardisland.ca/en/service/solar-electric-rebate-program
Get quotes from at least one registered installer
Once approved, complete installation
Submit invoices to receive rebate within 60 days

Official program pagenorth_east

Utility Programs & Net Metering

Programs run by the electricity provider — how you'll actually get credited for your solar exports.

Utility

Maritime Electric Net Metering

Amount

1:1 retail credits

Maritime Electric's net metering program credits exported solar at the full retail rate. Credits carry over from month to month, and any unused credit at year-end is reset. Combined with PEI's high grid rates, most residential systems pay themselves off in 6–8 years.

Who Qualifies

check_circleMaritime Electric customer
check_circleSystem up to 100 kW

How to Apply

Installer submits interconnection application
Maritime Electric approves within 4–8 weeks
Bidirectional meter installed

Official program pagenorth_east

The Bigger Picture: What Prince Edward Island Solar Actually Costs

A right-sized 8.5 kW system for the typical Prince Edward Island home costs about $24,098 installed. At Prince Edward Island's current retail rate of about 18.4¢/kWh, that system saves roughly $1,364/year — a simple payback of 17.7 years. Over 25 years with 3% annual rate inflation, real dollar savings total around $46,501.

Stacking any active rebate above with the federal Greener Homes Loan will shorten payback further and cut your out-of-pocket cost at signing. We'll match you with local installers who know which programs to file for your specific municipality.

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FAQs

What's the biggest solar rebate available in Prince Edward Island in 2026?

The largest currently open program for Prince Edward Island residents is Federal Clean Technology Investment Tax Credit (ITC) — 30% refundable tax credit. On top of that, the federal Greener Homes Loan can cover $5,000–$40,000 of installation costs interest-free for 10 years.

Can I stack federal and provincial solar rebates?

In most cases, yes. The Canada Greener Homes Loan stacks with provincial rebates, utility net metering, and municipal financing programs. The only common exclusion is that the federal Clean Technology ITC is business-only — you can't claim it on a principal residence, though you can still claim the Greener Homes Loan.

Do I need to apply before I install, or can I claim rebates after?

Almost every direct-cash rebate — including the federal Greener Homes Loan and most provincial programs — requires pre-approval before installation. If you install first and then apply, you'll be denied. The safe workflow: get 2–3 quotes, apply for pre-approval, wait for confirmation, then install.

Are Prince Edward Island solar rebates likely to expire?

Program budgets are set annually and often run out mid-year. The Canada Greener Homes Grant (a separate $5,000 grant, not the loan) closed to new applicants in 2024 and has not been reopened. Always confirm current funding status with your installer before signing a contract — we update this page as programs open, pause, and close.

Does the 30% federal tax credit apply to my home solar system?

No — the federal Clean Technology Investment Tax Credit is business-only. Homeowners installing on a principal residence cannot claim it. If you're installing on a farm, commercial building, or home office space used exclusively for business, an accountant can help you claim the 30% credit under the appropriate CRA schedules.

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